Zacks: Analysts Anticipate Union Bankshares Corporation (UBSH) to Post $0.51 EPS

Wall Street brokerages expect Union Bankshares Corporation (NASDAQ:UBSH) to announce $0.51 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Union Bankshares Corporation’s earnings. Union Bankshares Corporation reported earnings per share of $0.48 during the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The company is scheduled to report its next quarterly earnings results on Tuesday, January 23rd.

On average, analysts expect that Union Bankshares Corporation will report full year earnings of $1.88 per share for the current fiscal year, with EPS estimates ranging from $1.87 to $1.90. For the next year, analysts anticipate that the company will post earnings of $2.23 per share, with EPS estimates ranging from $2.15 to $2.30. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Union Bankshares Corporation.

Union Bankshares Corporation (NASDAQ:UBSH) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.49 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. The business had revenue of $88.73 million for the quarter, compared to the consensus estimate of $91.68 million. Union Bankshares Corporation had a return on equity of 8.03% and a net margin of 20.02%.

Several equities analysts have recently weighed in on UBSH shares. ValuEngine upgraded shares of Union Bankshares Corporation from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Brean Capital reiterated a “hold” rating on shares of Union Bankshares Corporation in a report on Tuesday. Zacks Investment Research lowered shares of Union Bankshares Corporation from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Finally, BidaskClub lowered shares of Union Bankshares Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. Union Bankshares Corporation presently has an average rating of “Buy” and an average price target of $39.33.

Several institutional investors and hedge funds have recently bought and sold shares of UBSH. UBS Asset Management Americas Inc. raised its holdings in shares of Union Bankshares Corporation by 114.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 16,454 shares of the financial services provider’s stock worth $579,000 after acquiring an additional 8,783 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Union Bankshares Corporation by 7.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 67,789 shares of the financial services provider’s stock worth $2,385,000 after acquiring an additional 4,745 shares during the last quarter. American International Group Inc. raised its holdings in shares of Union Bankshares Corporation by 6.9% in the 1st quarter. American International Group Inc. now owns 26,680 shares of the financial services provider’s stock worth $939,000 after acquiring an additional 1,730 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Union Bankshares Corporation in the 1st quarter worth about $207,000. Finally, Teachers Advisors LLC raised its holdings in shares of Union Bankshares Corporation by 306.9% in the 1st quarter. Teachers Advisors LLC now owns 399,241 shares of the financial services provider’s stock worth $14,045,000 after acquiring an additional 301,117 shares during the last quarter. Institutional investors own 63.70% of the company’s stock.

Shares of Union Bankshares Corporation (UBSH) traded up 0.40% during mid-day trading on Friday, reaching $35.09. The company had a trading volume of 89,935 shares. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 19.56 and a beta of 1.25. Union Bankshares Corporation has a one year low of $27.23 and a one year high of $39.37. The stock has a 50 day moving average of $33.89 and a 200-day moving average of $33.37.

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About Union Bankshares Corporation

Union Bankshares Corporation is a financial holding company and bank holding company. The Company operates through two segments: a community bank segment and mortgage loan origination business segment. The Company offers financial services through its community bank subsidiary, Union Bank & Trust (the Bank) and three non-bank financial services affiliates.

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